The Leading independent pan-African banking group, Ecobank has finally chosen twenty African startups for the finals of its Fintech Challenge, which is targeted towards solving Africa’s most tasking/demanding banking issues.
As previously mentioned this year, the Ecobank Fintech Challenge sought technology startups to build and deploy innovative fintech and banking solutions across the continent.
Furthermore, practicall developers, programmers and fintech innovators across Africa with solutions in the challenge’s key areas of interest were invited to apply for the contest.
The applications and assessment phase have been completed and Ecobank has now announced the selection of twenty startups for the finals. They are listed below country by country.
Nigeria: PiggyBank, KUDI, Wayagear Innovations, Paylater, PurseNG, IroFit Technologies, Electronic Settlement Limited, and Social Lender.
Ghana: DigiTeller, Invest Mobile, and Inclusive Financial TechnologiesTechnologies.
Kenya: MobiTill, Team SAFEPAY, Greenshoe, Shield Finance, and Circle Group Saving and Investment.
South Africa: Wallettec
United States: General Marchant
Burkina Faso: Minafa
All the finalists will attend an award ceremony and an innovation fair at the global headquarters of Ecobank in Lomé, Togo next month where they’ll exhibit and pitch their products to a jury for the ‘Ecobank Africa Fintech Prize’.
The winners will receive US$10,000, US$7,000, and US$5,000 respectively, and qualify for a partnership opportunity with Ecobank Group that’ll fetch US$500,000 in further funding, mentorship and networking support, and other benefits